Income Producing Investment Opportunity! Currently leased until 6/30/25 for $2k/mo. This updated 2-bed, 2-bath condo at Kingston Shores in Ormond Beach ticks all the boxes: fully furnished, prime location, move-in condition, and immediate income potential. Enjoy comfortable living areas, perfect for entertaining or unwinding. Two full bathrooms to accommodate guests and laundry in unit. Investment Savvy: All assessments and repairs for this unit are completed. All windows and sliders have been replaced. Concrete restoration completed inside unit. Strong rental market from seasonal beach seekers or year-round residents. Steps from the no drive section of the beach. You will feel like it's your own private beach! Cash offers only.
This property is $255K less than the Median Sold Price and $111/SqFt less than other homes in Ormond Beach, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #FC298623
Listing Office:
Office Name: ADAMS, CAMERON & CO., REALTORS
Listing Agent: Amy Goodson
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:19:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,738
Per Month
Principal & Interest
$749
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$922
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$516
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Ormond Beach Elementary School
100 Corbin Ave
Distance between this listing and this school7.46 miles
Public District Grades PK-5
4
/10
Beachside Elementary School
100 Osceola Ave
Distance between this listing and this school7.60 miles
Public District Grades KG-5
7
/10
Tomoka Elementary School
999 Old Tomoka Rd
Distance between this listing and this school7.88 miles
Public District Grades PK-5
Nearby Schools
4
/10
Ormond Beach Middle School
151 Domicilio Ave
Distance between this listing and this school5.66 miles
Public District Grades 6-8
5
/10
Imagine School at Town Center
775 Town Center Blvd
Distance between this listing and this school9.59 miles
Public Charter Grades KG-8
2
/10
Holly Hill School K-8
1500 Center Ave
Distance between this listing and this school9.82 miles
Public District Grades PK-8
Nearby Schools
5
/10
Seabreeze High School
2700 N Oleander Ave
Distance between this listing and this school9.11 miles
Public District Grades 9-12
4
/10
Flagler Palm Coast High School
5500 E State Highway 100
Distance between this listing and this school9.61 miles
Public District Grades 9-12
1
/10
Riverview Learning Center
801 N Wild Olive Ave
Distance between this listing and this school11.21 miles
The neighbors living near this home have an average income of $52,855. Most Ormond Beach, FL residents have annual incomes between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5500 Ocean Shore Blvd Unit 33
What is the listing price of this property?
The listing price of 5500 Ocean Shore Blvd Unit 33 property is $150,000.
What type of property is this?
The property 5500 Ocean Shore Blvd Unit 33 is a condo located in Ormond Beach, Florida, 32176.
Is this property for sale now?
Active Listing: 5500 Ocean Shore Blvd Unit 33 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 5500 Ocean Shore Blvd Unit 33 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 5500 Ocean Shore Blvd Unit 33 is 1,214 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5500 Ocean Shore Blvd Unit 33 is 1973.
This home is located at 5500 Ocean Shore Blvd Unit 33 in Ormond Beach, FL and zip code 32176 in the Kingston Shores neighborhood. This 1,214 square foot home, which was built in 1973, sits on a 8.39 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $150,000.
Ormond Beach, FL housing market in October 2024 saw over 2 listings sold above listed price, more than 7 sold at listed price and over 40 sold below. Between September 2024 and October 2024, Ormond Beach, FL real estate market has seen increase in the number of listings by 4.5%. In October 2024, listings were on the market for 82 days. During the same period, the median list price in this real estate market was $405,007.
From Rocket Homes Real Estate and based on county public records data.